FactHub curated dataset

Washington millionaires tax: income mix of top filers, floor amendment votes, worked household examples and payer projection

IRS Statistics of Income figures for Washington returns with adjusted gross income of $500,000 to $1 million and $1 million or more (tax years 2019-2022), including joint returns, wages, pensions, IRA distributions, taxable Social Security, pass-through income and charitable deductions; the recorded votes on 13 floor amendments to ESSB 6346 (2026); worked examples of the tax for ten illustrative households under the law as enacted; and a projection of paying households under the law's every-other-year inflation adjustment.

Coverage: IRS data tax years 2019-2022; amendment votes February 16 and March 9, 2026; projection tax years 2028-2050

Node: dataset:wa-millionaires-tax-household-reach

What this dataset measures

Built to show, from official records, which kinds of income and households ESSB 6346 reaches beyond people who earn $1 million a year in wages: married couples sharing one deduction, retirees and heirs with one-time distributions, households whose capital gains push wages over the line, and future households as the threshold loses value. The amendment votes record which of these the Legislature considered and rejected.

Curated data tables

These related tables form this versioned dataset release. Each table has its own downloadable file and field definitions.

Washington federal returns by AGI class: income types and joint returns, 2019-2022

All returns and the two top AGI classes from the IRS state file for Washington.

Unit of observation: Tax year and AGI class

View this table

irs_wa_top_returns.csv text/csv · 2.1 KB (2,103 bytes)
17 field definitions
FieldTypeMeaningUnitsValue type
taxYear integer Federal tax year — observed
agiClass string IRS size-of-AGI class: All returns, $500,000 under $1,000,000, or $1,000,000 or more — observed
returns integer Number of returns (N1) returns observed
jointReturns integer Number of joint returns (MARS2) returns observed
agiDollars number Adjusted gross income (A00100) US dollars observed
wageReturns integer Returns with salaries and wages (N00200) returns observed
wagesDollars number Salaries and wages (A00200) US dollars observed
pensionReturns integer Returns with taxable pensions and annuities (N01700) returns observed
pensionDollars number Taxable pensions and annuities (A01700) US dollars observed
iraReturns integer Returns with taxable IRA distributions (N01400) returns observed
iraDollars number Taxable IRA distributions (A01400) US dollars observed
taxableSocialSecurityReturns integer Returns with taxable Social Security benefits (N02500) returns observed
taxableSocialSecurityDollars number Taxable Social Security benefits (A02500) US dollars observed
partnershipSCorpReturns integer Returns with partnership or S corporation net income or loss (N26270) returns observed
partnershipSCorpDollars number Partnership and S corporation net income or loss (A26270) US dollars observed
charityReturns integer Returns itemizing charitable contributions (N19700) returns observed
charityDollars number Charitable contributions deducted by itemizers (A19700) US dollars observed

Floor amendments to ESSB 6346 and their recorded votes

Selected House and Senate floor amendments on the deduction for couples, one-time income, retirement income, farms, pass-through income, charity and a referendum requirement.

Unit of observation: Floor amendment

View this table

amendment_votes.csv text/csv · 3.1 KB (3,155 bytes)
10 field definitions
FieldTypeMeaningUnitsValue type
amendment string Amendment document name — observed
floorNumber string Floor amendment number used in the roll call motion — observed
chamber string House or Senate — observed
sponsor string Sponsoring legislator — observed
voteDate date Date of the roll call — observed
rollCallSequence integer Roll call sequence number in the Legislature's record — observed
yeas integer Yea votes votes observed
nays integer Nay votes votes observed
result string Adopted or Not adopted — observed
officialEffect string The amendment's EFFECT statement, verbatim — observed

Illustrative households under ESSB 6346 as enacted

Ten households computed from the statute: base = federal AGI less long-term gains, plus Washington capital gains and the capital gains deduction for those owing capital gains tax; tax = 9.9% of base above $1,000,000 less a credit for capital gains tax paid.

Unit of observation: Illustrative household and tax year

View this table

household_examples.csv text/csv · 1.9 KB (1,967 bytes)
14 field definitions
FieldTypeMeaningUnitsValue type
id string Example id — derived
household string Description of the household — derived
wages number Wages including vested RSUs US dollars estimated
retirementIncome number Pensions, taxable Social Security and retirement-account distributions US dollars estimated
otherOrdinaryIncome number Other ordinary income US dollars estimated
longTermGainTaxable number Long-term capital gain subject to the Washington capital gains tax US dollars estimated
exemptGain number Gain exempt from the capital gains tax (real estate) US dollars estimated
note string Rule that drives the result — derived
waCapitalGainsTax number Washington capital gains tax US dollars derived
washingtonBaseIncome number Washington base income under Secs. 301-302 US dollars derived
incomeTaxBeforeCredit number 9.9% of base income above $1,000,000 US dollars derived
capitalGainsCredit number Nonrefundable credit for capital gains tax (Sec. 205) US dollars derived
millionairesTaxOwed number ESSB 6346 tax after the credit US dollars derived
totalWashingtonTax number Capital gains tax plus ESSB 6346 tax US dollars derived

Projected paying households under section 316 vs annual indexing

Payers scaled from the Department of Revenue's 25,000 by the threshold's real value relative to 2028, with a Pareto tail parameter of 1.5 or 1.9.

Unit of observation: Tax year

View this table

payer_projection.csv text/csv · 397 bytes
7 field definitions
FieldTypeMeaningUnitsValue type
taxYear integer Tax year — derived
inflationPct number Assumed constant inflation rate percent per year estimated
thresholdIn2026DollarsAsWritten number Threshold under section 316 in 2026 dollars 2026 US dollars derived
thresholdIn2026DollarsAnnualIndex number Threshold under annual indexing from 2029, in 2026 dollars 2026 US dollars derived
payersAsWrittenAlpha19 integer Projected payers under section 316, tail parameter 1.9 households estimated
payersAsWrittenAlpha15 integer Projected payers under section 316, tail parameter 1.5 households estimated
payersAnnualIndex integer Projected payers under annual indexing households estimated

Supporting files

Source snapshots, manifests, quality reports, documentation, and other materials used to produce or review this release.

  • build_reach.js Transformation manifest · text/javascript · 13.7 KB (14,012 bytes)

    Node.js script that builds every table and result from the IRS files, the roll-call XML and the threshold projection.

Saved analyses

What Washington's $1 million-plus returns reported, 2022

Question: How many Washington returns with AGI of $1 million or more were joint, and how many reported wages, pensions, IRA distributions, taxable Social Security, pass-through income and charitable deductions?

Result: Of 21,530 Washington returns with AGI of $1 million or more in 2022, 18,180 (84.4%) were joint. 2,800 reported taxable pensions, 3,350 taxable IRA distributions and 3,670 taxable Social Security; together those three were $958 million, 1.5% of the group's $66.0 billion AGI. 12,960 (60.2%) reported partnership or S corporation income, 18.4% of AGI.

Operation: Select the 2022 $1,000,000-or-more row; divide each count by all returns in the class and each amount by the class's AGI.

Scope: Washington, tax year 2022, AGI $1,000,000 or more

View this analysis

  • Returns, not households; AGI includes long-term capital gains the tax mostly excludes.
  • 2022 was a weaker market year than 2021; the mix shifts with markets.

Charitable deductions above $100,000 per return, Washington $1 million-plus returns, 2022

Question: At least how much of the charitable deductions claimed by Washington's $1 million-plus returns exceeded $100,000 per return?

Result: At least $2.87 billion (69%) of the $4.16 billion deducted by 12,830 returns was above $100,000 per return.

Operation: Total contributions deducted minus $100,000 times the number of returns deducting contributions; this is a lower bound on the amount above $100,000 per return.

Scope: Washington, tax year 2022, AGI $1,000,000 or more, itemizers

View this analysis

  • The ESSB 6346 cap is per household and counts only gifts to Washington-directed qualified organizations; federal deductions include gifts to any charity.
  • A lower bound, not an estimate of lost giving.

Floor amendments on couples, one-time income, retirement income and expansion, with votes

Question: Which amendments addressing who the tax reaches did the Legislature vote on, and how did the votes go?

Result: Twelve amendments to change who the tax reaches failed; the closest, a separate $1 million deduction for each spouse and $1.5 million per couple, failed 47-49. One adopted amendment (Rule 602) ties the I-2111 exemption to a deduction of at least $1 million.

Operation: Match each amendment's floor number to its roll call in the Legislature's record.

Scope: ESSB 6346, Senate February 16, 2026 and House March 9, 2026

View this analysis

  • A selection of the 70-plus floor amendments, chosen for relevance to who the tax reaches; party breakdowns are not included.

Ten illustrative households under the law as enacted

Question: What would ESSB 6346 charge households that do not earn $1 million a year in wages, and some that earn less than $1 million in total?

Result: A couple earning $550,000 each owes $9,900 (two singles at the same pay owe nothing); a one-time $900,000 RSU vest on a $250,000 salary, or a retired couple's $1 million 401(k) withdrawal, costs $14,850; a $4 million inherited IRA taken at once costs $316,800 but nothing if spread over 10 years; a $600,000 stock gain makes $800,000 of wages taxable ($17,060 more); a home sale adds nothing.

Operation: Apply Secs. 201, 205, 301, 302 and 314 and RCW 82.87.040-.060 to each set of inputs.

Scope: Illustrative households, one tax year, Washington residents

View this analysis

  • Illustrations of the statute as written; the Department of Revenue has issued no rules. Not estimates of how many such households exist.
  • Ignores the charitable and other deductions and the credits for taxes paid to other states and for B&O tax.

Paying households under the every-other-year adjustment vs annual indexing, 2028-2050

Question: Holding real incomes constant, how many more households would pay because section 316 adjusts for only about half of inflation?

Result: At 2.5% inflation with real incomes held constant, about 31,000-33,000 households pay by 2040 and 38,000-42,000 by 2050 under section 316, versus about 25,000 with annual indexing.

Operation: Scale 25,000 payers by (real threshold / $952,000)^-alpha, alpha = 1.5 and 1.9, using the 2.5% inflation threshold series.

Scope: Washington, tax years 2028-2050

View this analysis

  • Not a forecast: incomes, markets, migration and later law changes will dominate the actual count.
  • The DOR's 25,000 is itself an estimate for 2028.

Derived from

This dataset uses data from these FactHub dataset versions.

Sources

  1. Internal Revenue Service, Statistics of Income Primary data: Washington returns by AGI class (files 19in55cmcsv.csv to 22in55cmcsv.csv, e.g. https://www.irs.gov/pub/irs-soi/22in55cmcsv.csv)

    Retrieved October 21, 2026. Public domain (U.S. government work). Unrestricted

    Reliability: Government. Compiled by the IRS from filed individual income tax returns; state tables are published annually with a lag of about three years. Counts are rounded and amounts are in thousands of dollars.

  2. Washington State Legislature web services Primary data: recorded floor votes on ESSB 6346 and its amendments

    Retrieved October 21, 2026. Public record of the Washington State Legislature. Public record

    Reliability: Government. The Legislature's official roll-call record, served as XML. Each record gives the motion (floor amendment number and sponsor), date and yea/nay counts.

  3. Washington State Legislature Primary record: amendment list, floor numbers, outcomes, and each amendment's official EFFECT statement (texts at lawfilesext.leg.wa.gov/biennium/2025-26/Htm/Amendments/)

    Retrieved October 21, 2026. Public record of the Washington State Legislature. Public record

    Reliability: Government. Official bill page. EFFECT statements are written by nonpartisan legislative staff for each amendment.

  4. Washington State Legislature Primary law used for the household calculations (Secs. 201, 205, 301, 302, 314, 316)

    Retrieved October 21, 2026. Public record of the Washington State Legislature. Public record

    Reliability: Government. Enacted session law, chapter 238, Laws of 2026. The Department of Revenue had issued no rules interpreting it as of October 21, 2026.

  5. Washington State Legislature Capital gains tax rates, exemptions and deductions used in the household calculations (RCW 82.87.040, .050, .060)

    Retrieved October 21, 2026. Public record of the Washington State Legislature. Public record

    Reliability: Government. Codified statute. RCW 82.87.050 exempts all real estate and retirement-account assets from the capital gains tax.

  6. Washington State Standard (via The Inlander) The Department of Revenue's estimate of 25,000 paying households, the starting point of the projection

    Retrieved October 15, 2026. News report; facts only used. Not redistributed; linked

    Reliability: News report. Nonprofit news outlet reporting the Department of Revenue's July 2026 revision of its payer estimate.

Limitations and reproducibility

Reproducible: build_reach.js regenerates every table from the public IRS SOI state files (19-22in55cmcsv.csv), the Washington Legislature's roll-call web service for ESSB 6346, and the threshold projection in FactHub dataset wa-millionaires-tax-reach (versions 1 and 2 hold the same projection). The household examples are deterministic arithmetic from the statute text.

  • IRS figures count federal returns, not households, and federal AGI includes long-term capital gains that ESSB 6346 mostly removes from its base, so returns over $1 million of AGI are not the same group as payers of the tax.
  • Tax year 2022 is the latest IRS state release used; the tax starts in tax year 2028.
  • Return counts for an income type include any return reporting that item, however small; the IRS rounds state counts to the nearest 10.
  • The household examples are illustrations of the statute as written, not estimates of how many such households exist. They hold the capital gains standard deduction at its 2025 value of $278,000 and assume no other deductions or credits.
  • The payer projection holds real incomes and population constant and uses a Pareto approximation of the income distribution near $1 million, so it isolates the effect of the indexing rule; it is not a forecast. Real income growth would add payers under either indexing rule.
  • No public data separates two-earner couples by each spouse's income, so the dataset cannot count couples who pay only because they share one deduction.

Publications using this dataset

Version details

The exact citing versions, and the version of this dataset each cites.

  • Article wa-millionaires-tax-pensions — version 5 (published) cites version 2
  • Article wa-millionaires-tax-who-it-affects — version 6 (published) cites version 2
  • Article wa-millionaires-tax-who-it-affects — version 5 (published) cites version 2
  • Briefing wa-i-645 — version 6 (published) cites version 2
  • Briefing wa-i-645 — version 4 (published) cites version 2